Apple kept fake bitcoin wallet on App Store after $875,000 theft report, lawsuit alleges
Three individuals have filed a lawsuit against Apple, alleging that the company allowed a fraudulent app impersonating the legitimate Sparrow Wallet to remain on the App Store despite multiple reports of theft. The plaintiffs claim they lost a combined $1.84 million in bitcoin after entering their seed phrases into the malicious application, which they believed was vetted by Apple's security processes.
In the suit, filed July 24 and spotted by MacRumors, three people say they collectively had about $1.84 million stolen after downloading an app impersonating Sparrow Wallet and entering their bitcoin BTC $ 63,384.15 seed phrases. Seed phrases allow anyone possessing them to control and transfer assets from the associated wallets.
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